Genesis House Inc

Analysis

Genesis House Inc is a registered charity in United States, based in Jasper, AL. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Genesis House Inc reported income of $68k and spending of $54k, leaving 21% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $56k to $68k (+21%), an average of +21% a year. The sharpest change came in the year to March 2024, when income rose by 21%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Genesis House Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within AL. Charities of a similar size with the same main cause include Shirley Bridge Bungalows ($68k), Kalani Mala Inc ($68k) and Kiamichi Place Senior Housing Inc ($68k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $110k against liabilities of $124k, net assets of -$14k.